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Morgan Stanley sued for subprime discrimination on blacks.
Salon.com ^
| Oct 15, 2012
| NATASHA LENNARD
Posted on 10/15/2012 2:15:58 PM PDT by ExxonPatrolUs
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To: ExxonPatrolUs
Anotherwords, the Ameriquest business model. Tell a 770 they’re a 520 and charge them 12%.
2
posted on
10/15/2012 2:18:22 PM PDT
by
2ndDivisionVet
(You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
To: ExxonPatrolUs
Why couldn’t they shop around for a better rate?
3
posted on
10/15/2012 2:20:08 PM PDT
by
oblomov
To: ExxonPatrolUs
4
posted on
10/15/2012 2:20:36 PM PDT
by
rawcatslyentist
("Behold, I am against you, O arrogant one," Jeremiah 50:31)
To: ExxonPatrolUs
Good old American Communist Litigation Union again.
5
posted on
10/15/2012 2:20:43 PM PDT
by
Olog-hai
To: 2ndDivisionVet
What does “anotherwords” mean?
6
posted on
10/15/2012 2:21:06 PM PDT
by
Xenalyte
(Settle down, Beavis.)
To: ExxonPatrolUs
What the ACLPuke seems to forget is that the Feds leaned on these companies and forced them to give subprime loans to people who did not qualify.
7
posted on
10/15/2012 2:22:20 PM PDT
by
Jean2
To: ExxonPatrolUs
I’m a little confused. Exactly where on the application form is the line for “race of applicant”?
8
posted on
10/15/2012 2:23:27 PM PDT
by
JimRed
(Excise the cancer before it kills us; feed &water the Tree of Liberty! TERM LIMITS, NOW & FOREVER!)
To: Xenalyte
Whatever I meant by it when I typed it. I report, you decipher.
9
posted on
10/15/2012 2:24:11 PM PDT
by
2ndDivisionVet
(You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
To: Jean2
What the ACLPuke seems to forget is that the Feds leaned on these companies and forced them to give subprime loans to people who did not qualify. When they would not give loans to people that didn't qualify it was redlining. When they are forced to give loans to people who did not qualify it is predatory.
To: JimRed
11
posted on
10/15/2012 2:28:58 PM PDT
by
2ndDivisionVet
(You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
To: School of Rational Thought
It's a no-win deal. Just redistributing the wealth through required racial information on the loan request.
12
posted on
10/15/2012 2:32:25 PM PDT
by
BipolarBob
(G Orwell was an optimist it seems.)
To: School of Rational Thought
It’s called Social Justice, and it is a way that “Either way, Whitey pays.”
If you don’t lend, you are bad and need to be fined.
If you do lend, you shouldn’t have ever made that loan.
Heads I win, tails you lose.
13
posted on
10/15/2012 2:39:02 PM PDT
by
wac3rd
(Somewhere in Hell, Ted Kennedy snickers....)
To: ExxonPatrolUs
Banks got sued by the fed if they didn’t give blacks loans they could not repay and now blacks want to sue them for giving them the loans. I think the banks ought to just name the persons in the fed that contacted them in the first place as participants in the lawsuit.
14
posted on
10/15/2012 2:44:09 PM PDT
by
CodeToad
(Padme: "So this is how liberty dies... with thunderous applause.")
To: ExxonPatrolUs
Damned if they didn’t and damned that they did.
15
posted on
10/15/2012 2:45:07 PM PDT
by
Rebelbase
(The most transparent administration ever is clear as mud.)
To: School of Rational Thought
When they would not give loans to people that didn't qualify it was redlining. When they are forced to give loans to people who did not qualify it is predatory. . . . . . and if a realtor helped minority families move into white neighborhoods, it was "blockbusting."
16
posted on
10/15/2012 2:58:38 PM PDT
by
Jacquerie
(Exterminate rats.)
To: ExxonPatrolUs
Nothing in this article makes sense or rings true.
If you pay the mortgage you don’t get foreclosed on. If you don’t, you don’t get to blame the lender for loaning you money.
Or were poor people forced to take loans out and I missed out?
17
posted on
10/15/2012 3:02:55 PM PDT
by
Usagi_yo
To: Xenalyte
“What does “anotherwords” mean?”
It’s an old soap opera.
18
posted on
10/15/2012 3:05:54 PM PDT
by
AndrewB
(FUBO)
To: oblomov
Why couldn’t they shop around for a better rate? Because, since 1965, Blacks are officially "victims" incapable of making their own decisions on anything, and therefore never responsible for the results. They are a ball and chain for America that will never be cut loose and only get heavier with each passing year.
What ever happened to "Liberia"? Wouldn't that have been better for all concerned?
To: 2ndDivisionVet
Fannie Mae Form 1003, Uniform Residential Loan Application, SECTION XI'd forgotten about that, and in any case, it is not required, the first option is:
BORROWER ____I do not wish to furnish this information
20
posted on
10/15/2012 3:33:14 PM PDT
by
JimRed
(Excise the cancer before it kills us; feed &water the Tree of Liberty! TERM LIMITS, NOW & FOREVER!)
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